KSIC trade ideas
KOPSI Entering Mark Down PhaseSeldom apply Wyckoff Method on Indexes. However, we seeing distribution characteristics that are hard to ignore on the TVC:KOSPI (Weekly). The characteristics provided technical evidence that the index has completed its Distribution phase and is expected to enter the Mark Down phase. Applying Fibo to project downside target objectives.
Kospi - correction over....5th wave starting?Is the Kospi about to embark on a 5th wave here or has this complex correction got some more twists and turns? It will be interesting to me what this index does at it's yearly pivot (2347) and I will be keeping an eye on this one for clues. At the moment it is too early to tell, for me at least, but I reckon I can see 5 waves down to possibly complete a c wave and it has bounced on the 50% fib retracement. There is also some notable divergence on the RSI on this daily chart.
KOSPI shortClassic chart pattern. Impulsive move down followed by overlapping upmove to 61% Fib = another sharp leg down to follow in 3 or C.
Classic H+S top pattern formation. Divergent RSI.
Sell current 2410, stop 2550. Looking for 2100 target area coming few months. (risk 140 for profit 310).
South Korea Stocks(KOSPI) ended long-term accumulation stage just started to boast its potential power.
big chance for south korean stakeholder in their life that could come to us once or twice a decade.
KOSPI byeKOSPI surprises resilient to shoks - a lot of power to go up even despite FED hints on hikes in DEC
Future of Korean indexNow I'm focusing on the key value of resistance where it decides next direction...
I am curious how North Korea will respond to the sanctions.
KSIC, Bear flags for KospiOne of the four asia dragons, South Korea isn't doing any good compare to JPN and CHN.
It just had one big bear flag, and now another one developing plus the fact that price was rejected by 200ema twice.
Due to insufficient date, the support region is extended from 2011.
Will Korea follow the footstep of Jpn & Chn to reduce rates or their version of QE to avert the potential crash?
KOSPI in 6Y Wedge PatternSymmetrical wedge implies a continuation pattern with upside resolution. But fundamentals are bearish for Korea, including declining global trade, domestic political turmoil, U.S. protectionism, and the global dollar shortage.
Neutral until wedge breakout is confirmed.
Korea KOSPI Comp Index Daily (04.Oct.2014)Tech.Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined more and now is under the KUMO. MACD is bearish and RSI is entering oversold levels.
So the first think in mind is that KOSPI will test the 1954 support.
There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun Sen too (bearish). The index broke the EMA 200 and now it is under it.
Fib shows the 2.618 support at 1954.58.
Short for 1954 but be cautious for a reaction towards to EMA 200.
Korea KOSPI Comp Index Daily (13.Sep.2014)Tech.Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined more and now is into the KUMO. The weekly diagram is turning bearish.
So the first think in mind is that KOSPI is into the KUMO with neutral behavior now. MACD is bearish and RSI too.
There is no special candlestick pattern. The index is under the Tenkan Sen and Kijun Sen too (bearish).
Fib shows the 1.618 support at 2037.
Stay aside. Long above the KUMO while the resistance will be broken or short under the KUMO.
Korea KOSPI Comp Index Daily (07.09.2014)Tech. Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined last week from 2084 local top three times now breaking the support line. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too.
So the first think in mind is that KOSPI is asking support from KUMO. MACD is bearish and RSI too.
There is no special candlestick pattern. The index is above the KUMO and is under the Tenkan Sen and Kijun Sen too (bearish).
Fib shows the 1.618 support at 2037.
Watch the behavior of KOSPI at SPAN A (green line) of KUMO. Short if it gets into it. Stop loss above the resistance line.
Korea KOSPI Comp Index Daily (30.08.2014)Tech. Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined last week from 2081 local top three times now but it made lower lows. The monthly diagram is bullish breaching its own asceding triangle and the weekly diagram is bullish too.
So the first think in mind is that KOSPI is ready to breach the asceding triangle. MACD is neutral and RSI too.
There is no special candlestick pattern but on Friday the index closed at its high. The index is above the KUMO and is above the Tenkan Sen and Kijun Sen too (bullish).
There is an asceding triangle. Fib shows the 2130 as first target.
Long KOSPI. Stop loss under the support line (light green, bottom of triangle).
Korea KOSPI Comp Index Daily (17.08.2014) Tribute to EMAThis week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The Korea KOSPI Composite Index (KOSPI) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has made a correction decline and then (last week) it reacted on EMA 50 with the support of 1.618 of fib level. Last week it crossed 1.618 of fib. KOSPI is on a bull market looking at the golden crosses of EMA 50 over EMA 100 & EMA 200 and EMA 100 crossed EMA 200 too. (All into the yellow eclipse)
MACD is ready to give a bull sign above the zero line. RSI=59.
Next target is the 2.618 of fib @ 2130. Long for it. Stop loss under the 2036.
Korea KOSPI Comp Index Daily (03.08.2014)Tech. Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has breached the 2017 level of the ascending triangle above the support purple line. The new resistance level is the 2099 (2.618 of fib). The monthly and weekly diagrams are both pretty bullish.
So the first think in mind seeing the diagram is that KOSPI has the 2049 as a support level now. MACD is bullish and RSI overbought.
There is no special candlestick pattern. The index is above all (KUMO,Kijun,Tenkan,EMA200)
There is no special pattern. Fib shows the resistance and support levels.
Long as it holds above the purple support line.
Korea KOSPI Comp Index Daily (29.06.2014)Tech. Analysis TrainingThe Korea KOSPI Index (Kospi) Daily Diagram Technical Analysis Training shows the following:
The KOSPI index has declined and got itself into the KUMO last week w/gap. The new resistance red line is the upper border now. The monthly diagram is neutral with bullish MACD and the weekly diagram shows neutral signs.
So the first think in mind is that KOSPI has a strong resistance at 2000. MACD is bearish with divergence now and RSI too.
There is no special candlestick pattern. The index is into the KUMO and under the Tenkan Sen and Kijun Sen too (bearish).
There is no special pattern. Fib shows the resistance and support levels.
The best strategy here is to make nothing and stay aside.
